ABN: 94 106 863 978)(“ASR”).
The business had advised the market in December 2019 that Group combined operating ratio (COR) will be above their guided range of 94.5% – 96.5% due to crop hail in the US.
(Credit: Wall Street Journal).
This document and its contents are proprietary information and products of our firm and may not be reproduced or otherwise disseminated in whole or in part without our written consent unless required to by judicial or administrative proceeding.
A$9.94
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Consensus expectations for net profit was around $776m, while the business reported $733m – marking a 5% earnings miss.The North American business has historically taken away from group performance and this year was no different – being a large component of the business, it can materially impact overall results.
Any market commentary in this communication is not intended to constitute “research” as defined by applicable regulations.
ASX:QBE 01/09/20 06:49 AEST
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